PHOTO / WORLD
By Xinhua Published: May 16, 2021 07:31 AM
A worker goes about his work at a state-owned milling plant in Nairobi, capital of Kenya, April 3, 2020. (Photo: Xinhua)
A woman sorts out coffee berries at Rui-Ruiru Coffee Factory in Mathira, Nyeri County, Kenya, Nov. 5, 2020. (Photo: Xinhua)
After several years of suffering, the worst for coffee farmers in Kenya seems to be over as global prices hit a new high.
A kilo of Kenyan coffee in the global market is going for as high as 7 U.S. dollars, bringing back the glorious days for the country s farmers.
Sometime in 2019, the global price of a kilo of Kenyan coffee hit 189 shillings (1.75 U.S. dollars), the lowest in over three years.
2021-05-14 15:55:48 GMT2021-05-14 23:55:48(Beijing Time) Xinhua English
NAIROBI, May 14 (Xinhua) After several years of suffering, the worst for coffee farmers in Kenya seems to be over as global prices hit a new high.
A kilo of Kenyan coffee in the global market is going for as high as 7 U.S. dollars, bringing back the glorious days for the country s farmers.
Sometime in 2019, the global price of a kilo of Kenyan coffee hit 189 shillings (1.75 U.S. dollars), the lowest in over three years.
During the entire year, farmers did not sell their produce at more than 4 dollars a kilo in the global market, with the negative effects of the decline reverberating across regions that grow the crop in the East African nation.
Regulations row brews uncertainty at coffee auction
Summary
Trading on the Nairobi Coffee Exchange (NCE) has been hit by uncertainty as a July deadline set for dealers to get new licences draws close amid confusion on when the permits would be issued.
The Capital Markets Authority (CMA) in March set a July 1 deadline for coffee brokers to get new licences under rules introduced last year to weed out cartels.
Thursday May 13 2021
By GERALD ANDAE
Summary
Trading on the Nairobi Coffee Exchange (NCE) has been hit by uncertainty as a July deadline set for dealers to get new licences draws close amid confusion on when the permits would be issued.
Coffee price falls 6 percent as main crop season ends
Thursday April 29 2021
By GERALD ANDAE
The average price of coffee slipped by six per cent during Tuesday’s closing sale of the main crop season, on lower quality, marking the end of an impressive trading window despite the disruptions of Covid-19.
A 50-kilogramme bag of the produce traded at Sh21,277 at the Nairobi Coffee Exchange (NCE), down from Sh22,680 during the previous sale even as traders went on a month-long recess until June 14.
Traders said this has been one of the best seasons for them as coffee prices remained high on good demand in the international market.
Higher prices lift March coffee earnings 67pc
Summary
Coffee earnings grew by 67 percent in March compared with similar period last year backed by high demand, volumes and weaker shilling.
The Nairobi Coffee Exchange (NCE) said that the commodity earned Kenya Sh11.2 billion last month, compared to Sh6.7 billion that was realised in March 2020.
The first quarter of this year has seen significantly higher prices compared to last year’s raising expectations that farmers earnings will go up this year.
Friday April 16 2021
By GERALD ANDAE
Summary
Coffee earnings grew by 67 percent in March compared with similar period last year backed by high demand, volumes and weaker shilling.